Caledonia Investments (LON:CLDN) Stock Price Passes Above 50 Day Moving Average - Here's Why

Caledonia Investments Plc (LON:CLDN - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 3,793.30 ($49.01) and traded as high as GBX 3,830 ($49.48). Caledonia Investments shares last traded at GBX 3,620 ($46.77), with a volume of 207,563 shares trading hands.

Caledonia Investments Trading Down 4.2 %

The firm has a market cap of £1.89 billion, a price-to-earnings ratio of 9.46 and a beta of 0.77. The company has a fifty day moving average price of GBX 3,792.46 and a 200-day moving average price of GBX 3,554.27.

Caledonia Investments Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 27th will be given a GBX 95.80 ($1.24) dividend. This represents a yield of 4.33%. The ex-dividend date is Thursday, March 27th. This is a positive change from Caledonia Investments's previous dividend of $19.69. Caledonia Investments's dividend payout ratio is currently 18.70%.

Insider Activity

In related news, insider William Wyatt bought 135 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were acquired at an average price of GBX 3,800 ($49.10) per share, for a total transaction of £5,130 ($6,627.91). Also, insider Mathew Masters sold 516 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of GBX 3,880 ($50.13), for a total value of £20,020.80 ($25,866.67). Insiders own 40.16% of the company's stock.

About Caledonia Investments

Caledonia is a FTSE 250 self-managed investment trust company with a long track record of delivering consistent returns and progressive annual dividend payments to shareholders. Our aim is to generate long-term compounding real returns that outperform inflation by 3%-6% over the medium to long term, and the FTSE All-Share index over 10 years. We are a long-term investor and hold investments in both listed and private markets across three pools: Public Companies, Private Capital and Funds.